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Trump Tariffs Rattle Risk Sentiment
Trump’s latest decision to proceed with tariffs on Canada and Mexico, along with new restrictions on Chinese investments in key sectors, has rattled financial markets, triggering a broader risk-off sentiment.
Trump confirmed that the tariffs on Canadian and Mexican imports, originally delayed, are now on schedule to take effect next month, stating that the process is “moving along very rapidly.”
Additionally, the president directed a government committee to curtail Chinese investments in technology, energy, and other strategic U.S. industries, further intensifying market uncertainty.
Investors are increasingly cautious as concerns mount over inflationary pressures and potential interest rate adjustments in response to trade tensions. The market reaction suggests that traders are moving away from riskier assets like altcoins and memecoins, which have been among the hardest hit.
Market is Repeating 2017 Bull Run Structure — Top Crypto Analyst
Historical Bitcoin price action from 2017 shows that sharp corrections were a recurring theme during the bull market. At least five major 28% or more pullbacks occurred before the cryptocurrency reached its all-time high of around $20,000.
The chart highlights these downturns, with drawdowns ranging from 27% to nearly 39%. These corrections lasted between two to three months before Bitcoin resumed its rally.
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